Financial instrument for which the interest rate is reset at regular intervals on the basis of a reference index and thus adjusted to changes in short- or medium-term market interest rates (any category of debt instrument [such as a loan, bond, mortgage, or credit] that ensures not a fixed rate of interest over the lifespan of the instrument; such debt normally uses an index or other base rate for launching the interest rate for each proper period). In the case of floating-rate debt instruments, interest rates are fixed either in advance or in arrears. – See maturity risk, key interest rate, interest rate escalator clause.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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